FAQ

General Questions

Hard money loans are a form of private money financing that is used to purchase property that may not conform to conventional underwriting standards. Funds for hard money loans generally come from private individuals or from mortgage pool funds run by fund managers that raise capital from multiple individuals.

Hard money lenders are able to approve and fund a loan much more quickly than traditional lenders such as banks. They do not require as much documentation because they are primarily concerned about the value of the real estate being used as collateral versus the credit and income of the borrower. Hard money loans often provide more leverage than conventional loans, allowing borrowers to rely less on their own or outside investors’ capital.

First and foremost, choose a lender that is experienced with the type of loan that is being requested. The lender should understand the collateral and strategy and be able to structure a deal that offers you the opportunity to have a profitable outcome. A good hard money lender can often add value to the investment decisions that you must make. Next, verify that your lender has the capacity to make the loan and the capability of executing in the time frame required. Finally make sure that your lender has a reputation of integrity and conducts its business with honesty and transparency.

Currently we are lending in the major markets of Texas including Dallas, Fort Worth, Houston, Austin, San Antonio, Corpus Christi and the Rio Grande Valley. Bay Mountain Capital is also lending in Atlanta, Georgia. Smaller Texas markets and other major markets in the U.S. are possible on a case by case basis.

Process Questions

Follow the Apply link on the Bay Mountain Capital website. Please fill out the application completely. The application will only take a few minutes. Someone from Bay Mountain Capital will contact you quickly, usually within the same day.

No, applying is free. After you submit your application and provide us with the necessary information, we will send you preliminary loan estimates. If you decide to move forward, then you will need to pay a deposit to cover any expenses we may incur in connection with underwriting your loan, including the fee associated with an appraisal.

Yes, we require an appraisal which will value the property subject to the rehab or construction budget. This appraisal can be a valuable tool when you either sell the property or refinance into a long term loan.

This depends on how quickly we receive all of the necessary information about the property, the borrower and the deposit for underwriting expenses. Usually once we have the appraisal back, if title is clear we can close within a matter of days. Generally the process takes two to three weeks from application to close.

Typically, our loans are for a term of 6-12 months with possible extensions available subject to Bay Mountain Capital approval. Interest rates generally start at 12% and there will be loan fees of 2-4% of the loan amount. You will also have to pay the cost of any third party reports such as a feasibility analysis or appraisal if required.

We will order an inspection of the property to determine how much of the scheduled work has been completed. Generally, this inspection will be performed by the same professional that originally performed the feasibility inspection prior to the closing of the loan. Once we receive this report, we process your draw and fund the eligible amount to you by your choice of check, ACH or wire transfer.

Just email our loan servicing department at loanservicing@baymountaincapital.com and we will provide you, your mortgage professional or your title company with a payoff statement, usually within one business day.

Our business is built on repeat customers. As long as you have the experience and financial capability of handling multiple properties, we would like to be your lending partner!

PROCESS & REQUIREMENTS

Step 1: APPLICATION:

Complete Online Application

Provide Supporting Documents

Step 2: UNDERWRITING

Approve Preliminary Loan Estimates

Finalize Itemized Rehab or Construction Budget

Submit payment for Appraisal and other possible underwriting costs

Approve Final Terms Sheet

Step 3: CLOSING

Order Title Commitment

Place Property Insurance

Clear Title Issues

Close and Fund

You guys have been just wonderful to work with. And I am not just blowing smoke. a little feedback here coming from a guy who has been a broker for decades and dealt with many hard money lenders - I don’t believe I have run across such efficiency where everyone is proactive with emails, everyone is copied on emails, the follow up is there, and the speed is there. Just really impressed. It’s been so smooth. I look forward to doing more deals with you all.

Jeff K.

I appreciate all that your team at Bay Mountain has done for me and your attentiveness always proves to be ‘above and beyond’!

Mike H.

I would like to mention that I have had a great experience with Wayne Corley and Angie Arrington. They have been very cordial, professional and extremely helpful.
I also want to mention that the new system for proof of funds letters is a great system and makes things easier for everyone.

Canda V.

I have been a real estate investor for over 20 years in the Dallas area. I have dealt with many different Hard Money lenders during that time and I would have to say the service I received from Bay Mountain is at the top of the list. On a scale of 1 to 10 with ten being outstanding, I would rate Bay Mountain a 9.9. I just want to say thanks to Angie, Rachel, Wayne, Daniel and everyone that works there, and I hope to work with you all again.

Gregory D.

CALCULATE

APPLY

Property Information

Property Address*

Street AddressCityStateZIP Code

Target Market*

Property Type*

Number of Units*

Occupancy Percentage*

Please enter a value between 0 and 100.

Existing Sq Ft of Building Area*

Proposed Additional Sq Ft of Building Area*

Land Area

Property Condition*

Business Plan

Ownership Status*

I am Purchasing This Property

I am Inquiring About Refinance

Exit Strategy*

Existing Debt*

Purchase Price*

Purchase Year*

Rehab Budget*

Estimate of After Repaired Value*

Is this property under contract?*

Yes

No

Contract Closing Date

"As Is" Estimate of Value*

Desired Closing Date*

Source of Equity*

Previously Completed Rehab/Construction

Proposed Rehab/Construction Description*

Business Plan Description*

Intended Use of Proceeds*

Personal Information

How did you hear about us?*

Friend Name

Real Estate Club Name

Loan Broker

Wholesaler Name

Realtor Name

Other Marketing

Verifiable Credit Score*

Have You Submitted a Loan Application in the Last 6 Months to Bay Mountain Capital?*

Yes

No

Name*

FirstLast

Email*

Mobile*

Address*

Street AddressAddress Line 2CityStateZIP Code

Marital Status*

Single

Married

Last Four of SSN*

Value of Investment Real Estate*

Debt on Investment Real Estate*

Real Estate Experience (Last 5 years)*

Verifiable Cash In Financial Institutions*

Verifiable Value of Retirement Accounts*

Verifiable Value of Brokerage Accounts*

Any Bankruptcies or Felonies in Last 5 Years?*

Yes

No

If Yes, Explain*

Other Comments

By clicking submit you certify that all information is true and accurate.

After clicking the "Submit" button it may take up to 30 seconds for your application submission to be confirmed.

Bay Mountain Capital

Bay Mountain Capital provides financing for qualified real estate investments quickly and with a simple value add process. Lending ​markets include the major markets of Texas and neighboring states as well as Atlanta, Georgia. Secondary markets in Texas are considered on a case by case basis.